Ether (ETH) moved back above $2,500 on Oct. 21. According to CoinGecko data cited by ABMedia, ETH traded at $2,505 as of 11:17 p.m. Taiwan time, up about 2.9% over the past 24 hours. On Binance spot, the 24-hour high reached $2,514.
Based on Binance daily chart data, this was Ether’s first return above $2,500 since Oct. 14. Bitcoin rose at the same time and was trading at $84,577 as of that timestamp, up about 2.7% over 24 hours.
$272 million liquidated in 24 hours, with shorts making up nearly 70%
CoinGlass data showed that 73,725 traders were liquidated across the market in the past 24 hours as of 11:17 p.m. Taiwan time on Oct. 21. Total liquidations reached $272 million.
Of that amount, short liquidations came to $186.8 million, accounting for 68.6%, while long liquidations totaled $85.6 million. By value, short liquidations were more than double the amount seen on the long side.
The largest single liquidation was an ETHUSDT long on Binance worth $11.83 million. Its liquidation price was about $2,432.53, close to Ether’s 24-hour low of $2,424.
Binance ETH perpetual funding rate stood at 0.009%
In derivatives, Binance data showed that ETH perpetual contracts on the exchange had a funding rate of 0.009% per eight hours at the same time. Open interest stood at about 2.32 million ETH, equal to roughly $5.8 billion at current prices.
U.S. spot Ether ETFs saw net outflows in the prior two trading days
On fund flows, Farside Investors data showed U.S. spot Ether ETFs recorded net outflows of $103.3 million on Oct. 19 and $26.1 million on Oct. 20. Data for Oct. 21 had not been fully updated at the time of publication.
ABMedia said there was no single clear trigger behind the latest move higher. Ether and Bitcoin rose in tandem, posting similar 24-hour gains, while liquidations across the market were led by shorts.